I have a property which I jointly own with my ex, she wants me to buy her out and have the property in my own name.
I have a poor credit history. Never had any defaults or ccjs but lots of late payments on credit cards(no more than a few days late so down as 1 on credit file). I worked out 4 in the last 6 years. For the last few years I have been paying all credit commitments on time but have due to loss of job (twice), gone over credit limits for cards more than once.
This is my current situation. I have £10k unsecured debts across two cards with a total limit of £11,300. I have a mortgage for £178,000 against a property with a value of £270,000. I also have a share in a second property which has no mortgage and equity worth approx £135,000 (it is joint owned with my mum and sister whose share is the same).
My mum will give me the cash to buy my ex out but my credit card debt will probably remain whilst I pay it off over the next 6-12 months. My ex isnt giving me the time to pay off my debts so I need to try to get a mortgage asap. I don't earn enough to take on the mortgage as a residential and move back in but want to look at buy to let. My salary is £35k with no bonuses.
I have a sitting tenant who pays rent of £1600, the current mortgage is £680 interest only, so the figures stack up. What are the chances of getting a buy to let mortgage perhaps near prime? Would someone like precise mortgages look at my situation?
I have a poor credit history. Never had any defaults or ccjs but lots of late payments on credit cards(no more than a few days late so down as 1 on credit file). I worked out 4 in the last 6 years. For the last few years I have been paying all credit commitments on time but have due to loss of job (twice), gone over credit limits for cards more than once.
This is my current situation. I have £10k unsecured debts across two cards with a total limit of £11,300. I have a mortgage for £178,000 against a property with a value of £270,000. I also have a share in a second property which has no mortgage and equity worth approx £135,000 (it is joint owned with my mum and sister whose share is the same).
My mum will give me the cash to buy my ex out but my credit card debt will probably remain whilst I pay it off over the next 6-12 months. My ex isnt giving me the time to pay off my debts so I need to try to get a mortgage asap. I don't earn enough to take on the mortgage as a residential and move back in but want to look at buy to let. My salary is £35k with no bonuses.
I have a sitting tenant who pays rent of £1600, the current mortgage is £680 interest only, so the figures stack up. What are the chances of getting a buy to let mortgage perhaps near prime? Would someone like precise mortgages look at my situation?